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176 Concord Street, P.O. Box 22287, Charleston, SC 29413-2287
Contact: Erin Dhand, Manager, Corporate Communications and Community Affairs
Telephone: 843-577-8121 • Fax: 843-577-8127 • e-mail: EDhand@scspa.com


FOR IMMEDIATE RELEASE
9/6/2000

Monthly News Brief

MAINTENANCE DREDGING AT UNION PIER - The Ports Authority Board today approved a $724,176 contract for maintenance dredging at the Union Pier Terminal berths. Great Lakes Dredge & Dock Company will perform the work. Union Pier handles breakbulk and roll-on roll-off ships. Commodities across the dock include import and export BMWs, earth-moving equipment, farm machinery, forest products, Porsches, boats and other non-containerized goods.

PAY INCREASES - The Ports Authority Board today approved management's recommendation for compensation adjustments for Port employees. In addition to salary range adjustments, benefits were expanded to include an 8% night shift differential, increased annual leave, an expanded Superior Performance Award program and immediate crediting of leave. The recommendations followed a detailed compensation survey by Ernst & Young.

MAERSK SEALAND, APL, MOL IN ATLANTIC - Maersk Sealand, APL and Mitsui O.S.K. Lines will start exchanging space in the transatlantic trade in October as part of a new cooperative agreement. APL and MOL currently take space from Lykes' transatlantic service, and Hyundai is in an agreement with Med Shipping until the end of the year. The changes follow the dissolution of the Vessel Sharing Agreement, which formerly included several Grand Alliance carriers and Maersk Sealand. The Grand Alliance (P&O Nedlloyd, OOCL, Hapag-Lloyd and NYK) recently chose Charleston for several new transatlantic services, further solidifying Charleston's position in the European trade.

FARRELL GOES WEEKLY - P&O Nedlloyd, Farrell Lines and Hapag-Lloyd recently finalized the port rotation for their weekly Famex service between the U.S. East Coast and the Mediterranean. Using a six ship string, the weekly service calls Lisbon, Cadiz, Marsaxlokk (Malta), Alexandria, Haifa, Izmir, Marsaxlokk, Naples, La Spezia and Cadiz before returning to the U.S. Additional calls at Salonica, Greece will be made for relief and military goods. P&O Nedlloyd recently purchased Farrell.

BOX TRAFFIC UP 15% - Container traffic through the Port of Charleston totaled 142,801 TEUs in July, up 15% from the same month last year. Most of the increase occurred in exports from the Wando Welch Terminal, where volume rose 20% over the same month last year. Georgetown tonnage was nearly twice the volume in the same month last year, reaching 158,000 tons in July, while Port Royal moved 46,757 tons.